$BTC
Let’s organize the question marks in my mind❓
1. What kind of market is this?
It’s a market that won’t move without high frequency, what kind of market is it? It’s a chaotic wide-ranging fluctuation market.
Here, deleveraging is taking place, with multi-position trading.
2. Can it still go to 9.4 or 13.5?
If it can’t recover in the long term at 11, then there’s no expectation for new highs; here we judge whether the price can reach the upper or lower positions.
If it can’t go beyond, then it’s 9.4, 9.2, 8.6 for spot trading in batches, and for contracts, once it reaches a position, we first trade with a short-term approach.
If it goes beyond, then as per the previous viewpoint, the last wave of market ends, the noise fades, and we must return to calm; profits should be sold, not just for positioning.
3. I’m stuck with certain coins, is there still hope?
Returning to the cycle perspective, if the bull is still there, for the past two years, did the altcoins outperform Bitcoin, BNB, etc.?
If it breaks down at the weekly level, then you should exit during a rebound; the lazy ones can even switch to Bitcoin. Since you dared to get stuck, why not prepare for the idea that Bitcoin can definitely help you make money?
4. I’ve lost a lot, is there still a future?
This boils down to two situations; if you haven’t calmly thought about whether you want to continue playing in this market, then my suggestion is to exit the circle for a while, and think clearly about whether to participate in this market.
No matter which market you go to, you have to pay tuition fees.
Once you enter a market, delve into its gameplay.
For cyclical markets, follow the cycle for positioning; for short-term trading, you must learn the techniques.
Moreover, cryptocurrency is not just about trading coins; there are many ways to make money, like yield farming, alpha, etc.
In summary, this market has opportunities, but it is not suitable for those who like to watch the excitement, nor for those who chase highs and sell lows. The blue ocean of the coin circle has basically ended, and we are now in the bloody red ocean phase. If you cannot learn anything from the market, it will still be difficult to profit in the next round.
In your spare time, take a moment to review your operations, observe others' gameplay, and think about the overall macro market trends; this is very helpful for trading.
